Overseas Investment (Urgent Measures) Amendment Act Commencement Order 2021
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2021/8
Overseas Investment (Urgent Measures) Amendment Act Commencement Order 2021
Patsy Reddy, Governor-General
Order in Council
At Wellington this 15th day of February 2021
Present:
Her Excellency the Governor-General in Council
This order is made under section 2(2)(a) of the Overseas Investment (Urgent Measures) Amendment Act 2020 on the advice and with the consent of the Executive Council.
Order
1 Title
This order is the Overseas Investment (Urgent Measures) Amendment Act Commencement Order 2021.
2 Commencement of certain provisions of Overseas Investment (Urgent Measures) Amendment Act 2020
Sections 6(4), 12(7) and (8), 14(2), 15, 16, and 63(2) to (4) of the Overseas Investment (Urgent Measures) Amendment Act 2020, which all relate to the investor test, come into force on 22 March 2021.
Michael Webster,
Clerk of the Executive Council.
Explanatory note
This note is not part of the order, but is intended to indicate its general effect.
This order brings into force, on 22 March 2021, certain sections of the Overseas Investment (Urgent Measures) Amendment Act 2020 that relate to the investor test regime.
The purpose of the investor test is to determine whether investors are unsuitable to own or control any sensitive New Zealand assets by assessing whether they are likely to pose risks to New Zealand, based on factors relating to their character and capability.
Date of notification in Gazette: 18 February 2021.
This order is administered by the Treasury.
Versions
Overseas Investment (Urgent Measures) Amendment Act Commencement Order 2021
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